Cement News tagged under: international
Venezuelan govt officially takes over cement industry20 June 2008, Published under Cement NewsThe Venezuelan government adopted a decree on Thursday nationalizing the cement industry, giving the state ownership of firms controlled by Holcim, Lafarge and Cemex. The decree, which came one month after President Hugo Chavez announced the nationalisation of Argentine steelmaker Ternium-Sidor, calls for the government to take over at least 60 per cent of the cement companies’ capital. Cemex, produces 4.7Mta – about half of the Venezuelan production. Holcim and Lafarge share the rest of t... |
Spanish cement consumption drop not relevant for Portugal Cimpor19 June 2008, Published under Cement NewsThe drop in the cement consumption in Spain will not have any importance for the activities of Portuguese cement producer Cimpor, analysts from Portugal’s investment bank BPI said on June 18, 2008. The reduction in consumption normally has negative effect on the cement producers, but in the case of Cimpor it is not relevant due to the fact that the Spanish market does not represent a big share in the operations of the Portuguese company, BPI added. Spain currently accounts for some 20 per ... |
Saudi 2008 cement outlook19 June 2008, Published under Cement NewsSaudi Arabia’s total cement output is expected to rise to 43.6Mt in 2008 and 49Mt in 2009, according to a report of local BMG Financial Advisors). The figure stood at 31Mt in 2007. The forecast is based on the current construction boom in Saudi Arabia which is pushing demand up. Local consumption, which rose 8.4 per cent YoY to 26.8Mt in 2007, is expected to mark a significant increase in the next few years, the report said without providing exact figures. Cement exports formed 12 per cen... |
Indonesia May consumption surges19 June 2008, Published under Cement NewsIndonesia’s cement consumption surged 23 per cent to 3.57Mt in May from a year ago amid brisk construction activity during the period, an industry official said. May cement consumption was 16 per cent higher than 3.08Mt in the preceding month. In the first five months of the year, nationwide cement consumption grew 20 per cent to 15.41Mt. “I suspect consumers speeded up their cement purchases and construction activities because they anticipated increases in the price of cement,” Urip Timu... |
Karnataka govt. gives nod for Chettinad Cement’s Kallur plant18 June 2008, Published under Cement NewsThe Karnataka Government has given its ’go ahead’ signal for Chettinad Cement Corporation Ltd to put up a 2.5Mt cement plant at Kallur village in Gulbarga district. Along with the cement plant, the company is also putting up a 30MW captive thermal plant. Informing this in a notification to the Bombay Stock Exchange (BSE), a company release said that the board, at its meeting on Tuesday, had authorised the Managing Director to take steps to get further approvals from all appropriate authori... |
Venezuelan court approves cement takeovers18 June 2008, Published under Cement NewsOn 17 June Venezuela’s Supreme Court of Justice approved the nationalisation of the country’s cement industry, which was decreed by President Hugo Chávez in early April. On 3 April President Chávez ordered the nationalisation of the cement industry, accusing the sector of prioritising profitable exports over sales to the domestic market. State control over the sector will allow the government to ensure adequate supplies of cheap cement for the local market, in particular for its low-income... |
Pakistan cement exports reach 11 month high18 June 2008, Published under Cement NewsPakistan cement exports have touched an all-time high of 137.2 per cent to 6.63Mt during 11 months of current fiscal year 2007-08 compared to 2.80Mt same period last year. As per the statistics of All Pakistan Cement Manufacturers Association (APCMA), cement exports in the month of May 2008 also posted an all-time high level of 0.84Mt, registering a massive growth of 145.9 per cent over May 2007. Major reasons behind this unprecedented surge were reconstruction activity in Afghanistan and ... |
Votorantim expands cement production18 June 2008, Published under Cement NewsStrong demand for cement in the North and Midwest regions of Brazil are leading Votorantim Cimentos, the biggest producer in the country with a 40% market share, to update its expansion plans in the area and to increase investments. Revised plans include the construction of a new production line at Nobres (MT), where the company already has a production facility, and for a new pozzolana line there. Together, the new projects will absorb BRL$380m (US$234m), which will be added to the BRL$1.7b... |
Has gov’t scrapped Limbe cement factory, Cameroon?17 June 2008, Published under Cement NewsThe Government of Cameroon has been cited in the delay of construction of the Limbe Cement Factory that was supposed to begin last April. When local newspaper ‘The Post’ visited the site Friday, June 13, only a security guard, a handful of idle people and huge containers could be seen here. Elsewhere, an official, who asked not to be quoted, said further studies still need to be carried out before quarrying equipment can be brought in. However, local belief holds that the Biya regime i... |
Giovanni Ferrario new president and COO of Ciments Francais17 June 2008, Published under Cement NewsFollowing yesterday’s announcement that Rodolfo Danielli has resigned from position of President and chief operating officer of Ciments Francais, the company has announced that Giovani Ferrario has been appointed to these same positions. Mr Ferrario is also COO of Italcementi where he took up the position on June 9 2008. |